Indices closed down .46% to 1.61%......

Indices closed down.

S&P 500 @ 2419.38, low 2419.38, high 2440.15

RSI @ 47.39

CMF @ 0.212

Internals were :

Down volume led by 1.77 to 1 in NYSE & 3.27 to 1 in Nasdaq

Declining stocks led by 1.90 to 1 in NYSE & 1.98 to 1 in Nasdaq

Net new 52 wk highs were leading by 66 in NYSE & 34 in Nasdaq

VIX UP 11.72% @ 11.06

Oil @ $44.24

Gold @ $1246.90

AH news....PIR UP 3%, CAMP Down 1.82%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed @ absolute low of the day. Delay in US senate for healthcare vote caused a major slump in Nasdaq to the tune of down 1.61%. Market hates uncertainty, now we got a delay which impacts tax reform. Tax reform is critical to implementation of biggest promise made to voters. We may see morning weakness again and may try to find support.

BLOG does NOT give buy or sell.

Saleem